More than 90% of shareholders vote in favour of investment fund Henderson's £1bn bid.

John Laing shareholders today voted in favour of Henderson’s £1bn bid for the PFI specialist.

At a meeting today, over 90% of shareholders voted for the deal, which values the shares of 405p each. The acquisition is expected to complete on 22 December and will result in Laing delisting from the London stock exchange.

Laing has been the subject to a takeover battle since September when investment fund Henderson made a 355p per share bid. This was later trumped by German insurer Allianz which offered 385p per share but it later withdrew when Henderson returned with its higher offer.